Keppel Land strengthens China focus through new unit

Keppel Land says it will strengthen its focus in China through a wholly-owned subsidiary, Keppel Land China, which is being established to own and operate all of Keppel Land’s properties in the country.

Building on the Keppel Group’s strong network and track record in 20 cities across China, Keppel Land currently has a total gross floor area (GFA) of 5.3 million square metres which translates to more than 40,000 homes in township, residential and waterfront developments.

Keppel Land is also an investor as well as developer-cum-project manager for the Keppel development in the landmark Singapore-China government project, the Sino-Singapore Tianjin Eco-City.

Keppel Land’s chairman Choo Chiau Beng will be the chairman of Keppel Land China, while Keppel Land’s Group CEO Kevin Wong will be appointed deputy chairman.

Mr Ang Wee Gee, who will also be appointed the executive vice-chairman, will helm Keppel Land China.

At the same time Keppel Land is further streamlined. Mr Tan Swee Yiow is redesignated as president (Singapore Commercial) and head (Regional Investments) responsible for Indonesia, Malaysia and Myanmar while Mr Augustine Tan is the president (Singapore Residential) and head (Regional Investments) responsible for India and Middle East.

Mr Linson Lim is redesignated as president (Vietnam, Thailand & Philippines).

Source : Channel NewsAsia – 29 Sep 2010

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